MONTANA PROPERTY AND CASUALTY
CERTIFICATION EVALUATION SET 2026
ANSWERS GUARANTEED PASS
⫸ 1. All of the following are considered family members under a
Personal Auto Policy, except:
a. A child fostered by the named insure
b. The named insured's spouse
c. The named insured's brother, who is visiting from another state
d. The named insured's mother, who lives with the named insured
Answer: c
⫸ 1. Which of the following vehicles could be considered an uninsured
motor vehicle by a Personal Auto policy?
a. An ATV owned by the named insured
b. A company car furnished to the named insured's family member
c. A bulldozer
d. An SUV covered by a bankrupt self-insurer Answer: d
⫸ 1. The Montana Insurance Guaranty Association is not liable to pay
more than $__________ for a covered claim.
a. $400,000
b. $300,000
c. $600,000
,d. $500,000 Answer: b
⫸ 1. Which of the following would not be covered under a
Businessowners policy unless specifically activated on the Declarations
page?
a. Loss of business income after a fire loss to the building
b. Loss caused by the insured accepting counterfeit money in good faith
c. Loss caused by employee theft
d. Loss to exterior building glass Answer: c
⫸ 1. Which of the following statements about liability coverage
provided by a Businessowners policy is NOT correct?
a. Defense costs are paid in addition to the limits of liability
b. Coverage for hired and non-owned auto liability is available by
endorsement
c. Supplementary payments include coverage for first-aid expenses
d. Liability coverage is not subject to the coverage forms used for
Commercial General Liability policies Answer: c
⫸ 1. Medical payments under Coverage F of a Homeowners policy may
be provided to all of the following people, without needing to establish
negligence, except:
a. A family friend
b. A guest
c. A boarder
,d. A residence employee Answer: c
⫸ 1. An insured is obtaining flood insurance through the NFIP, and
their policy is written using the maximum available limits: $35,000 for
the building and $10,000 for the contents. Which building would these
limits apply to?
a. An apartment building in the Emergency Program
b. A small business in the Regular Program
c. A single-family dwelling in the Emergency Program
d. A 2-family dwelling in the Regular Program Answer: c
⫸ 1. As required by the standard fire policy, property policies must use
a loss valuation basis that is not more restrictive than:
a. Stated value basis
b. Market value basis
c. Actual cash value basis
d. Replacement cost basis Answer: c
⫸ 1. For any waiver of rights or policy changes to go into effect, they
must be made in writing by:
a. The insurer
b. The first named insured
c. A named insured
d. Any insured Answer: a
, ⫸ 1. In Montana, an insurer may provide discounts on personal auto
insurance based on favorable aspects of an insured's claims history that
is ______ year(s) old or older.
a. 1
b. 2
c. 3
d. 5 Answer: c
⫸ 1. The BOP defines securities to include all of the following, except:
a. Non-negotiable instruments representing money
b. Tokens
c. Evidences of debt
d. Traveler's checks Answer: d
⫸ 1. Which of the following is correct about a stock insurance
company?
a. Policyholders own and control a stock insurance company
b. A stock insurance company is run by officers and directors and has a
stated amount of capital stock owned by stockholders
c. A stock insurance company is one whose home office is in some other
state, but does business in this state
d. A stock insurance company is any insurance company whose home
office is in this state and is incorporated in this state Answer: b
CERTIFICATION EVALUATION SET 2026
ANSWERS GUARANTEED PASS
⫸ 1. All of the following are considered family members under a
Personal Auto Policy, except:
a. A child fostered by the named insure
b. The named insured's spouse
c. The named insured's brother, who is visiting from another state
d. The named insured's mother, who lives with the named insured
Answer: c
⫸ 1. Which of the following vehicles could be considered an uninsured
motor vehicle by a Personal Auto policy?
a. An ATV owned by the named insured
b. A company car furnished to the named insured's family member
c. A bulldozer
d. An SUV covered by a bankrupt self-insurer Answer: d
⫸ 1. The Montana Insurance Guaranty Association is not liable to pay
more than $__________ for a covered claim.
a. $400,000
b. $300,000
c. $600,000
,d. $500,000 Answer: b
⫸ 1. Which of the following would not be covered under a
Businessowners policy unless specifically activated on the Declarations
page?
a. Loss of business income after a fire loss to the building
b. Loss caused by the insured accepting counterfeit money in good faith
c. Loss caused by employee theft
d. Loss to exterior building glass Answer: c
⫸ 1. Which of the following statements about liability coverage
provided by a Businessowners policy is NOT correct?
a. Defense costs are paid in addition to the limits of liability
b. Coverage for hired and non-owned auto liability is available by
endorsement
c. Supplementary payments include coverage for first-aid expenses
d. Liability coverage is not subject to the coverage forms used for
Commercial General Liability policies Answer: c
⫸ 1. Medical payments under Coverage F of a Homeowners policy may
be provided to all of the following people, without needing to establish
negligence, except:
a. A family friend
b. A guest
c. A boarder
,d. A residence employee Answer: c
⫸ 1. An insured is obtaining flood insurance through the NFIP, and
their policy is written using the maximum available limits: $35,000 for
the building and $10,000 for the contents. Which building would these
limits apply to?
a. An apartment building in the Emergency Program
b. A small business in the Regular Program
c. A single-family dwelling in the Emergency Program
d. A 2-family dwelling in the Regular Program Answer: c
⫸ 1. As required by the standard fire policy, property policies must use
a loss valuation basis that is not more restrictive than:
a. Stated value basis
b. Market value basis
c. Actual cash value basis
d. Replacement cost basis Answer: c
⫸ 1. For any waiver of rights or policy changes to go into effect, they
must be made in writing by:
a. The insurer
b. The first named insured
c. A named insured
d. Any insured Answer: a
, ⫸ 1. In Montana, an insurer may provide discounts on personal auto
insurance based on favorable aspects of an insured's claims history that
is ______ year(s) old or older.
a. 1
b. 2
c. 3
d. 5 Answer: c
⫸ 1. The BOP defines securities to include all of the following, except:
a. Non-negotiable instruments representing money
b. Tokens
c. Evidences of debt
d. Traveler's checks Answer: d
⫸ 1. Which of the following is correct about a stock insurance
company?
a. Policyholders own and control a stock insurance company
b. A stock insurance company is run by officers and directors and has a
stated amount of capital stock owned by stockholders
c. A stock insurance company is one whose home office is in some other
state, but does business in this state
d. A stock insurance company is any insurance company whose home
office is in this state and is incorporated in this state Answer: b
